Larry Ellison, Chairman of Oracle, has overtaken Amazon founder Jeff Bezos to become the second-richest person in the world. Tesla CEO Elon Musk continues to lead the list with a net worth of $251 billion. Ellison’s net worth is now approximately $206 billion, according to Forbes’ real-time billionaires list. Bezos, who has fluctuated between the … Read more
NEW YORK: National Amusements, which owns a majority voting stake in embattled entertainment giant Paramount Global, said Tuesday that it has ended talks on a possible merger of Paramount with movie production company Skydance Media. The potential deal had drawn attention for weeks amid concerns about Paramount’s future given its heavy debt load and declining … Read more
It’s confirmed: Adrian Newey, perhaps the greatest car designer in the history of Formula 1, is departing from the Red Bull Racing team that helped define his legacy. Red Bull has confirmed that Newey will remain with the team until the first quarter of 2025, after which point he will be leave, Motorsport.com reports. 2023 … Read more
Paramount Global has entered exclusive talks with Skydance on a potential merger instead of a proposed $26 billion takeover offer from Apollo, US media reported Wednesday night. The negotiations mean entertainment giant Paramount will not speak with Apollo or other prospective acquirers for 30 days, while it aims for a transaction to be bought by … Read more
